PM for high-quality construction of housing apartments
Assuming 10% growth in total private sector loans by Dec 2021, the banking sector is expected to allocate an additional Rs23 billion for the housing and construction segment. PHOTO: REUTERS
Prime Minister Imran Khan on Monday directed the authorities concerned to ensure high quality construction, fast-track completion, and competitive pricing of the proposed housing apartments in Islamabad.
The apartments can become an attractive option for investment by overseas Pakistanis. “We are focused on engaging our nine million overseas Pakistanis for the economic turnaround,” said the prime minister.
He was addressing a meeting on Overseas Enclave Islamabad - a proposed world-class housing project by the Capital Development Authority (CDA). “Overseas Pakistanis are our valuable asset. We are trying to make maximum use of their expertise and contribution for employment generation and wealth creation in the country,” he added.
Earlier the prime minister was apprised that the CDA was planning to develop a cluster of around 6000 high-end living apartments at a prime location in Islamabad. This high-end living community of around 35,000 people would have access to all world class amenities.
It would offer a fully sustainable, highly secured environment and become the most attractive bid for all overseas investors.
The meeting was attended by Special Assistant to the Prime Minister on Overseas Pakistanis Tariq Mehmoodul Hasan and others.
Published in The Express Tribune, February 15th, 2022.